Industrial Hose Assembly Market to Reach USD 39,058.45 million by 2034

The global industrial hose assembly Industry Size is value in 2019 was USD 18,879.8 million. The imposition of lockdowns led to a decline in manufacturing activity in 2020 and 2021 dropping down the average CAGR to 2.6% between 2019 and 2023.

The global industrial hose assembly market is holding a valuation of USD 22,651.4 million as per the estimates for 2024. Moreover, the global sales of industrial hose and fittings recorded a y-o-y growth of 5.6% which is going to continue till 2034. By following this promising CAGR, the global industrial hose assembly industry is vying for a capacity to generate a revenue of around USD 39,058.45 million by 2034.

Hose assemblies for industrial applications have exceptional properties such as high strength, flexibility, and temperature resistance, making them an excellent choice for a variety of sectors. Growing need for oil and gas, new regulations, and rising construction and mining demand are all pushing up demand for industrial hoses and fittings in the present time.

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Key Takeaways from the Industrial Hose Assembly Market Study Report

• In the United States, industrial hose assembly suppliers are on the point of witnessing 4.8% growth per year till 2034.

• The German industrial hose and fitting industry is on the path to witness a y-o-y growth of 6% from 2024 to 2034.

• China is currently a global supplier of industrial hose assemblies and is all set to follow a CAGR of 6.6% over the next ten years.

• India now holds a very lucrative opportunity for hydraulic hose assembly suppliers with an estimated CAGR of 7% between 2024 and 2034.

"Hydraulics technology is gaining popularity as the performance expectations of modern systems rise and manufacturing platforms have become more globalized. In line with this development, growing operations in farming, building, industrialization, mining, and other industries have substantially raised the demand for high-pressure hoses." says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape for the Industrial Hose Assembly Market Players

With rapid industrialization across emerging economies, the overall market has turned fiercely competitive in recent years. Manufacturers can stand out in the market by investing in research and development activities to come up with innovative designs and novel materials.

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Top Key Players in the Industrial Hose Assembly Industry

• Gates Corporation
• Parker Hannifin Corp.
• Semperit AG Holding
• Campbell Fittings, Inc.
• United Flexible
• Continental AG
• Eaton Corporation Plc.
• Polyhose India Pvt. Ltd.
• Trelleborg AB
• RYCO Hydraulics

Recent Developments by the Industrial Hose Assembly Industry Participants

• In February 2024, Gates announced the introduction of the Clean Master Plus hose platform designed for high-pressure applications in harsh industrial environments. The product operates at exceptionally high pressures of up to 6,000 psi, which is three times higher than the ordinary pressure washer hose. The company also claims it to be 22% lighter and 50% more flexible on average than the present 6,000 psi hoses, This innovative industrial hose is designed to improve ergonomics and safety, reduce worker fatigue, and increase productivity.

• In October 2023, Watson-Marlow Fluid Technology Solutions (WMFTS) expanded its hose portfolio by introducing the innovative and versatile Bredel NR Transfer hose. These hoses can be used for general fluid transfer applications at pressures up to 12 bar (174 psi). These natural rubber hoses are also suitable for handling sludge with a high solid content, food and beverage waste, and abrasive slurry. This solution supplements the Bredel NR Metering hose, which is built for greater duty and can withstand pressures of up to 16 bar (232 psi)

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Key Segments Covered by Industrial Hose Assembly Industry Survey Report

By Material Type:
• Rubber
• Plastics
• Metal

By Product Type:
• Low Pressure
• Medium Pressure
• High Pressure

By Component Type:
• Industrial Hose Assemblies
• Industrial Hose Fittings

By End User:
• Food & Beverages
• Construction & Mining
• Chemical & Pharmaceuticals
• Oil & Gas
• for Automotive
• Agriculture
• General Manufacturing
• Other End Users

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• Middle East and Africa (MEA)

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About Future Market Insights (FMI)

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